This is why the big corp builders or regionals control so much of the larger developmentsthe deals i funded are 34 lots 160 lots and 80 lots respectively and each of them have contracts on them by Toll and Lennar and one regional but they only close when we have permits in hand. 

Quote from @Feroz Penangwala: Hi everyone, I’m curious—how many of you are actively closing real estate deals right now?

This popular loophole might be closed in 2022 by the pending legislation.

Business growth, job bonus, severance pay, properties sold, syndications closed, Roth conversion - the list of factors that can drastically change your taxable income is endless.Well, do you want $120 now or $240 a year later?

He would also not need any private money lenders to close these transactions -- his bank would be dying to give him a commercial line of credit. 

Is your previous lender a family member or a close friend? 

. - You've got some pretty solid information above and concurrence that it shouldn't cost nearly as much as you thought, but on a separate note, I'd like to understand your situation a bit better.You are currently just looking for a Chicago property to purchase and asking the quit claim question in preparation for closing? 

You would also want to ask what is your current rate, what rate can you get, what are the closing costs that are involved including points, ect.

I'm trying to track down the title company from 2004 (which looks like it may have since closed).

Nearly most of the newbies, close to the 90 percentile took bad deals and either had it foreclosed on or lost tens of thousands of dollars.